Milton C. Ault III Sells 25,300 Shares of Algorhythm Holdings, Inc. (NASDAQ:RIME) Stock

Algorhythm Holdings, Inc. (NASDAQ:RIME) major shareholder Milton C. Ault III sold 25,300 shares of Algorhythm stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $0.62, for a total value of $15,686.00. Following the sale, the insider now directly owns 1,749,000 shares in the company, valued at $1,084,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Algorhythm Price Performance

NASDAQ RIME remained flat at $0.60 during trading hours on Wednesday. 49,493 shares of the company were exchanged, compared to its average volume of 248,032. Algorhythm Holdings, Inc. has a 1-year low of $0.35 and a 1-year high of $1.97.

About Algorhythm

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.